Post
Topic
Board Economics
Re: Indian Economy at all-time high! What you say..?
by
el kaka22
on 28/04/2017, 11:30:29 UTC
Indian Stock Exchange closed at all time high 30,135, first time 30k+. Moreover, Bitcoin crossed $1400 in domestic market of India.
Indian bitcoin market is highly isolated one, means bitcoin prices are just determined by local people unlike how major exchange's liquidity are working. So now wonder on how big margin bitcoin prices are leading or lagging. But it none of way influencing world bitcoin market as per last 6 months happening.

They're more than 1B people but all of them combined won't bring $1B capital into the bitcoin's market.
Unlike USA or Europe the literacy level in India is very low and percentage of poor people in India is more even half of world top 20 riches are from India. They are learning now and smart phones may help bitcoin to spread among those 1.25 billion people rapidly.